19 April 2014

Oracle reports Sacombank and Helm Bank deals

14 April 2011  |  4847 views  |  0 Source: Oracle

Sacombank, one of Vietnam's leading commercial banks, announced its successful deployment of Oracle Exadata Database Machine, allowing the bank to benefit from the solution's predictive analytics to make strategic business decisions in real time.

This is the first Oracle Exadata Database Machine to be deployed in Vietnam. The solution provides data warehousing, integrated with Oracle Business Intelligence (BI) with a single 360-degree view of the business and a powerful platform for a wide spectrum of business intelligence tasks ranging from predictive analytics to real-time strategic and tactical decision support throughout the organization.

This end-to-end Business Intelligence Solution comprise of Oracle Exadata Database Machine, Oracle Real Application Clusters (RAC), Oracle Database 11g Release 2, Oracle Partitioning, Oracle Business Intelligence Enterprise Edition, Oracle Data Integrator and Diagnostics/Tuning packs which enabled the bank to establish effective management dashboards to support decisions with historical, current and predictive view of the business while accelerating analytics and reports from hours to minutes.

Sacombank made their selection not only because of the synergies between the various Oracle software products, but because of the pre-integrated configuration of the Exadata platform which reduced deployment time, integration cost and offered unbeatable price performance ratio at a lower total cost of ownership with a single point for support.

Sacombank has chosen Oracle Exadata, which has been deployed by FIS bank and STB-Tech, a member of Sacombank Group.

"We are pleased that Sacombank has successfully deployed Oracle Exadata. Sacombank is the first financial institution in Vietnam to implement Oracle Exadata and this is a milestone marking our Oracle Exadata success in Vietnam's financial sector. We are confident that Oracle Exadata will further improve Sacombank's operational efficiency and competitiveness in the face of tough competition," said Ricky Kapur, Vice President, Technology Sales, Oracle ASEAN.

"Investing in IT infrastructure modernization will always be a part of our strategy to achieve excellence in various parts of our business. Exadata powered us with the visibility needed to address risk and growth on a timely manner. The technology has exceeded our expectations, enabling us with extreme performance for advance analytics while saving us overall implementation cost. Sacombank is expecting to enhance its competitiveness and quality of services in all areas with the aid of the management dashboards," said Mr. Tran Xuan Huy, CEO of Sacombank.

Separately, Helm Bank, a Colombian private financial institution, has selected Oracle software and hardware to run its core banking, customer-facing services and marketing functions.

Helm Bank's platform includes Oracle FLEXCUBE Universal Banking running on Oracle Exadata Database Machine which delivers extreme performance. Oracle Exadata is the only database machine that provides extreme performance for both data warehousing and online transaction processing (OLTP) applications, making it the ideal platform for consolidating onto private clouds.

Helm Bank will also implement Oracle's Siebel CRM to streamline customer data management and enable superior customer service.

Helm Bank also selected Oracle Financial Management Services, Oracle Database 11g, Oracle WebLogic Suite, Oracle Business Intelligence, Oracle Identity Management and Oracle SOA Suite.

"We selected Oracle to help us to speed up our time to market for new products, as well as for Oracle's reputation and performance. Also, with these next-generation tools, we expect to continue to improve operational risk, automation level and customer satisfaction and loyalty," said Jorge Acevedo, chief information officer, Helm Bank.

"Helm Bank's selection of Oracle software and hardware is testimony to the extreme performance this system delivers to the financial services industry. We are pleased to play a key role in Helm Bank's success," said Frank Brienzi, senior vice president and general manager, Oracle Financial Services.

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